6 Months from Now.......27 Nov 2020 14:01
Oil nice and steady above 48$ a barrel...….
Thing is with Shell there is so many fingers is so many pies we don't know exactly how well they are doing or not. We certainly know things are getting better and better.
What we do know is that with their financial power and buying muscle they are a much better position than many.
I can see a steady climb up in the SP over the coming months. No shot the lights out stuff but just reflective of vaccines kicking in and the world slowly returning to normal. Economies, Biden Factor, Flights, Cruises, Driving....etc etc etc.
The key question is Where will Shell land when we are in the new normal. I think the old normal was about £23 so for me £18 in 6 months would be great.
Any thoughts ?????